The Latest Breaking News from Recession

Very smart people are nodding and suggesting the economy needs to slow to get inflation under control and, well, damn the consequences

MARKS & Spencer today warned of a “gathering storm” with the UK predicted to tip into a bleak recession early next year.

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

The Fed’s aggressive rate hikes to tame the stubborn inflation have led to widespread recession fears. The stock market has witnessed a significant selloff. Moreover, as the bear market seems not over yet, we think fundamentally strong dividend-paying stocks, Pfizer (PFE) and Kroger (KR), might help you beat the bear…

A recession is likely next year, but it may have been avoidable.

The economy is showing resilience despite the Fed’s aggressive rate hikes. Moreover, Goldman Sachs’ top economist believes the economy might succeed in avoiding a recession. We think investors could buy fundamentally sound stocks Pfizer (PFE), Cisco Systems (CSCO), and United Parcel (UPS) before the next bull market. Read on….

Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand. Brent crude was down 31 cents, or 0.3%, at $97.61 a barrel by 1450 GMT, while US West Texas Intermediate (WTI) crude was 50 cents, or 0.5%,…

Optimism about the U.S. economy continues to backslide, as the Federal Reserve aggressively hikes interest rates to rein in inflation.

While inflation remains a major concern, Goldman Sachs’ top economist still sees the chances of the economy avoiding a recession. However, amid prevailing uncertainties, we think fundamentally strong stocks Johnson & Johnson (JNJ), Volkswagen (VWAGY), Stellantis (STLA), and Core Molding Technologies (CMT) might be worth adding to your portfolio. Continue…

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

The Fed’s continued hawkish monetary policy stance has raised fears of an impending recession. Despite the market pressure, the U.S. GDP saw a positive turnaround in the third quarter of 2022, indicating a resilient economy. Amid this scenario, we think investors should buy fundamentally sound stocks Abbott Laboratories (ABT), Verizon…